new construction appraisal low value: New Construction Low appraised value- What are Buyers Options?
- 05/28/16 01:26 AM
From the time the home is purchased to the time your new construction home is ready can vary from few months to a year. Between the process, you will go through several appointments including structural option section to designer center. The options are added to your final sales price. Most builders require you to secure your loan 45 days prior to the closing date. During that period just like a traditional home sale purchase the lender will order appraiser. What happens if your new home construction valuation/ appraisal is lower than your final sales price? Can you get your security deposit back? Or
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